MALLERY v. COMMISSIONER

Docket Nos. 108606, 108605.

1 T.C.M. 891 (1943)

Otto T. Mallery and Louise Mallery v. Commissioner. Otto T. Mallery v. Commissioner.

United States Tax Court.

Entered April 13, 1943.


Attorney(s) appearing for the Case

Peter V. D. Voorhees, Esq., 20 Exchange Place, New York City, Samuel B. Stewart, Jr., Esq., and Howard H. Yocum, Esq., for the petitioners. Paul E. Waring, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

Respondent determined deficiencies in income tax against petitioners in docket No. 108606 in the sum of $5,031.67 for the calendar year 1935 and against petitioner, Otto T. Mallery, in docket No. 108605, in the sum of $1,982.34 for the calendar year 1936. A loss on certain Bayshore Company preferred stock is claimed in each docket number; so if the loss is allowed for one of the two years its allowance for the other is automatically...

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